From Nasdaq: 2025-06-20 09:17:00

The gig economy is booming, with more people opting for freelance work for flexibility and control. The global freelance platforms market is expected to double from $7.65 billion in 2025 to $16.54 billion by 2030, at a CAGR of 16.66%. Upwork Inc. (UPWK) leads the pack, despite a stock decline.

Upwork reported record Q1 results in 2025, with revenues of $193 million, beating estimates. The company’s AI-powered tools are boosting client engagement. Upwork also guided Q2 revenues between $184-$189 million, with adjusted EBITDA of $45-$49 million. The company is focused on AI integration for growth and profitability.

Upwork’s push into AI with Uma, its in-house AI tool, is driving user engagement. The company’s strategic acquisitions are expanding its capabilities. With access to over 80,000 AI specialists, Upwork is a go-to resource for enterprises in need of skilled talent. Upwork faces competition from Fiverr International (FVRR) and Microsoft (MSFT).

Despite a stock price decline, Upwork’s strong execution and AI integration signal long-term potential. With upward earnings estimates, a strong outlook, and a lower valuation than the industry, UPWK offers growth opportunities. The company currently has a Zacks Rank #1 (Strong Buy) and a VGM Score of B.



Read more at Nasdaq: Upwork Stock Down 18% YTD: Is This a Buying Opportunity?